The global sustainable packaging market revenue was around US$ 100.5 billion in 2022 and is estimated to reach US$ 191 billion by 2031, growing at a compound annual growth rate (CAGR) of 7.4% during the forecast period from 2023 to 2031.
Sustainable packaging is the usage of packaging materials and solutions that are biodegradable which is easily recycled and reused. It is a kind of packaging where the best methods are followed concerning materials, their use, and recycling options. Materials involved in packaging are compostable and bio-degradable.
Market Driving Factors
The development of innovative materials propels the market growth. This is due to the increasing demand for packaging solutions that are more sustainable and have less environmental impact. In addition, consumers and businesses are becoming more aware of environmental issues. Innovative materials can assist in fulfilling this demand by offering new solutions that are more eco-friendly and meet the requirements of businesses and consumers.
Increasing development of biodegradable packaging boosts the market growth. Biodegradable packaging materials are designed to break down naturally, lowering the amount of waste that ends up in oceans and landfills. This leads to less carbon emissions and lower environmental pollution, making biodegradable packaging more sustainable. In addition, the increasing awareness of environmental issues among companies and consumers has raised the demand for sustainable packaging.
Fluctuations in the cost of raw materials hamper the market growth.
Regional Analysis
Asia-Pacific dominates the market. China's major courier companies and e-commerce platforms are taking proactive actions to lower packaging consumption. For instance, SF Express utilized recyclable packaging that can be reused about ten times on average.
In addition, the rapid expansion of organized retail, developments in India's middle class, growth in exports, and India's burgeoning e-commerce sector should enable further growth. As a result, this has made a demand for sustainable packaging that can lower environmental impact while maintaining the highest quality in the region and boosting the market expansion.
Segmentation Insights
Material Type Insight
The plastic segment dominates the market. This is due increasing production of recycled plastic material for numerous end-users, especially for pharmaceutical purposes, which is considered to boost the segment’s growth. In addition, plastic material is used as sustainable packaging owing to its lightweight properties and cost-effectiveness.
Packaging Type Insight
The rigid packaging segment dominated the market. This is because the surge in awareness for environment protection activities has made the consumer more linear toward using bioplastics-based flexible packaging films in different end-use sectors including agriculture, food & beverage, and other end-use sectors. This is estimated to propel the segment growth.
End Use Insight
The food & beverage segment dominates the market. This is because massive demand for packaged and branded products. Budgets for R&D are driven by consumer expectations and wants for food and beverage producers all over the world.
Furthermore, the food and beverage market grows and their packaging comes under pressure as nations like China and India continue to raise their gross domestic product. In addition, consumer health is another driver for food and beverage producers. As a result, it is anticipated to boost the market growth.
Prominent Companies
Segmentation Outline
The global sustainable packaging market segmentation focuses on Material Type, Packaging Type, End Use, and Region.
By Material Type
By Packaging Type
By End Use
By Region
[TABLE OF CONTENTS]
1 INTRODUCTION OF GLOBAL SUSTAINABLE PACKAGING MARKET
1.1 OVERVIEW OF THE MARKET
1.2 SCOPE OF REPORT
1.3 ASSUMPTIONS
2 EXECUTIVE SUMMARY: SUSTAINABLE PACKAGING MARKET
3 RESEARCH METHODOLOGY
3.1 DATA MINING
3.2 VALIDATION
3.3 PRIMARY INTERVIEWS
3.4 LIST OF DATA SOURCES
3.5 ANALYST TOOLS AND MODELS
4 GLOBAL SUSTAINABLE PACKAGING MARKET OUTLOOK
4.1 OVERVIEW
4.2 MARKET DYNAMICS AND TRENDS
4.2.1 DRIVERS
4.2.2 RESTRAINTS
4.2.3 OPPORTUNITIES
4.3 PORTERS FIVE FORCE ANALYSIS
4.4 VALUE CHAIN ANALYSIS
4.5 MARKET GROWTH AND OUTLOOK
4.5.1 PRICE TREND ANALYSIS
4.5.2 OPPORTUNITY SHARE
5 GLOBAL SUSTAINABLE PACKAGING MARKET, BY MATERIAL TYPE
5.1 OVERVIEW
5.2 PAPER AND PAPERBOARD
5.3 PLASTICS
5.3.1 BIODEGRADABLE
5.3.2 BIO-BASED
5.4 ALUMINUM
5.5 OTHERS
6 GLOBAL SUSTAINABLE PACKAGING MARKET, BY PACKAGING TYPE
6.1 OVERVIEW
6.2 RIGID PACKAGING
6.3 FLEXIBLE PACKAGING
7 GLOBAL SUSTAINABLE PACKAGING MARKET, BY END USE
7.1 OVERVIEW
7.2 FOOD AND BEVERAGE
7.3 PERSONAL CARE
7.4 HEALTHCARE AND PHARMACEUTICALS
7.5 OTHERS
8 GLOBAL SUSTAINABLE PACKAGING MARKET, BY GEOGRAPHY
8.1 OVERVIEW
8.2 NORTH AMERICA
8.2.1 NORTH AMERICA MARKET SNAPSHOT
8.2.2 U.S.
8.2.3 CANADA
8.2.4 MEXICO
8.3 EUROPE
8.3.1 EUROPE MARKET SNAPSHOT
8.3.2 WESTERN EUROPE
8.3.2.1 THE UK
8.3.2.2 GERMANY
8.3.2.3 FRANCE
8.3.2.4 ITALY
8.3.2.5 SPAIN
8.3.2.6 REST OF WESTERN EUROPE
8.3.3 EASTERN EUROPE
8.3.3.1 POLAND
8.3.3.2 RUSSIA
8.3.3.3 REST OF EASTERN EUROPE
8.4 ASIA PACIFIC
8.4.1 ASIA PACIFIC MARKET SNAPSHOT
8.4.2 CHINA
8.4.3 JAPAN
8.4.4 INDIA
8.4.5 AUSTRALIA & NEW ZEALAND
8.4.6 ASEAN
8.4.7 REST OF ASIA PACIFIC
8.5 MIDDLE EAST & AFRICA
8.5.1 MIDDLE EAST & AFRICA MARKET SNAPSHOT
8.5.2 UAE
8.5.3 SAUDI ARABIA
8.5.4 SOUTH AFRICA
8.5.5 REST OF MEA
8.6 SOUTH AMERICA
8.6.1 SOUTH AMERICA MARKET SNAPSHOT
8.6.2 BRAZIL
8.6.3 ARGENTINA
8.6.4 REST OF SOUTH AMERICA
9 GLOBAL SUSTAINABLE PACKAGING MARKET COMPETITIVE LANDSCAPE
9.1 OVERVIEW
9.2 COMPANY MARKET RANKING
9.3 KEY DEVELOPMENT STRATEGIES
9.4 COMPETITIVE DASHBOARD
9.5 PRODUCT MAPPING
9.6 TOP PLAYER POSITIONING, 2022
9.7 COMPETITIVE HEATMAP
9.8 TOP WINNING STRATEGIES
10 COMPANY PROFILES
10.1 ELOPAK AS
10.1.1 OVERVIEW
10.1.2 FINANCIAL PERFORMANCE
10.1.3 PRODUCT OUTLOOK
10.1.4 KEY DEVELOPMENTS
10.1.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
10.2 AMCOR PLC
10.2.1 OVERVIEW
10.2.2 FINANCIAL PERFORMANCE
10.2.3 PRODUCT OUTLOOK
10.2.4 KEY DEVELOPMENTS
10.2.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
10.3 SGF PACKAGING CO LTD
10.3.1 OVERVIEW
10.3.2 FINANCIAL PERFORMANCE
10.3.3 PRODUCT OUTLOOK
10.3.4 KEY DEVELOPMENTS
10.3.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
10.4 SMURFIT KAPPA GROUP PLC
10.4.1 OVERVIEW
10.4.2 FINANCIAL PERFORMANCE
10.4.3 PRODUCT OUTLOOK
10.4.4 KEY DEVELOPMENTS
10.4.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
10.5 ARDAGH GROUP S.A.
10.5.1 OVERVIEW
10.5.2 FINANCIAL PERFORMANCE
10.5.3 PRODUCT OUTLOOK
10.5.4 KEY DEVELOPMENTS
10.5.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
10.6 TETRA PAK
10.6.1 OVERVIEW
10.6.2 FINANCIAL PERFORMANCE
10.6.3 PRODUCT OUTLOOK
10.6.4 KEY DEVELOPMENTS
10.6.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
10.7 WESTROCK COMPANY
10.7.1 OVERVIEW
10.7.2 FINANCIAL PERFORMANCE
10.7.3 PRODUCT OUTLOOK
10.7.4 KEY DEVELOPMENTS
10.7.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
10.8 SONOCO PRODUCTS COMPANY
10.8.1 OVERVIEW
10.8.2 FINANCIAL PERFORMANCE
10.8.3 PRODUCT OUTLOOK
10.8.4 KEY DEVELOPMENTS
10.8.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
10.9 PLASTIPAK HOLDINGS, INC
10.9.1 OVERVIEW
10.9.2 FINANCIAL PERFORMANCE
10.9.3 PRODUCT OUTLOOK
10.9.4 KEY DEVELOPMENTS
10.9.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
10.10 BASF SE
10.10.1 OVERVIEW
10.10.2 FINANCIAL PERFORMANCE
10.10.3 PRODUCT OUTLOOK
10.10.4 KEY DEVELOPMENTS
10.10.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
10.11 SEALED AIR CORPORATION
10.11.1 OVERVIEW
10.11.2 FINANCIAL PERFORMANCE
10.11.3 PRODUCT OUTLOOK
10.11.4 KEY DEVELOPMENTS
10.11.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
10.12 CROWN HOLDINGS INC
10.12.1 OVERVIEW
10.12.2 FINANCIAL PERFORMANCE
10.12.3 PRODUCT OUTLOOK
10.12.4 KEY DEVELOPMENTS
10.12.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
10.13 NAMPAK LTD
10.13.1 OVERVIEW
10.13.2 FINANCIAL PERFORMANCE
10.13.3 PRODUCT OUTLOOK
10.13.4 KEY DEVELOPMENTS
10.13.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
10.14 DS SMITH PLC
10.14.1 OVERVIEW
10.14.2 FINANCIAL PERFORMANCE
10.14.3 PRODUCT OUTLOOK
10.14.4 KEY DEVELOPMENTS
10.14.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
10.15 EMERALD PACKAGING
10.15.1 OVERVIEW
10.15.2 FINANCIAL PERFORMANCE
10.15.3 PRODUCT OUTLOOK
10.15.4 KEY DEVELOPMENTS
10.15.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
10.16 BALL CORPORATION
10.16.1 OVERVIEW
10.16.2 FINANCIAL PERFORMANCE
10.16.3 PRODUCT OUTLOOK
10.16.4 KEY DEVELOPMENTS
10.16.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
10.17 MONDI PLC
10.17.1 OVERVIEW
10.17.2 FINANCIAL PERFORMANCE
10.17.3 PRODUCT OUTLOOK
10.17.4 KEY DEVELOPMENTS
10.17.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
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